Daily Real Estate News Highlights

Vietnam - 15 March 2023

Top Daily Updated Real Estate News

Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Colliers

The real estate market is spinning in a vicious circle

www.bds.tinnhanhchungkhoan.vn

Companies are waiting for legal completion, projects lack of cashflow, buyers become more cautious, while relevant agencies are waiting for each other's approval. Commenting on the opportunities, Mr. David Jackson - CEO, Colliers (Vietnam) shared that M&A activities will be vibrant this year amid uncertainties until market sentiment and liquidation improve.

Over 400 km of the North-South expressway to be completed in 2023

www.thesaigontimes.vn

The MOT is striving to complete and put into operation 7 component projects with a total length of about 412 km in 2023. To complete the whole North-South route by the end of 2025, the Ministry has divided the project into 2 phases to organize the implementation to ensure appropriate transport needs and investment resources.

Bare lands decrease 1 billion VND in some places

www.phunuonline.com.vn

Survey from DKRA showed that the new supply, and consumption of the land plot in the first two months of 2023 fell sharply by 92% and 98% respectively over the same period last year. The secondary price decreased by 10 - 23% compared to the end of 2022, equivalent to 100-690 million VND/lot, or up to 1 billion VND/lot.

Chinese tourists flocking to Vietnam after 15 March

www.vov.vn

It is expected that Quang Ninh welcomes a group of 150 Chinese tourists entering through the Mong Cai border gate; Lang Son will welcome the first group of 124 Chinese tourists since this market resumed group tourism to Vietnam, etc.

Vietnam - 16 March 2023

Top Daily Updated Real Estate News

Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.

Attraction some way off for social housing

www.vir.com.vn

The lack of affordable social housing has raised whether foreign developers should be allowed to invest in this segment in Vietnam. David Jackson, CEO of Colliers Vietnam, said that international institutions and foreign investors were not yet allowed to take part in the development of social housing, which could be part of the reason for the low figures. However, if new laws and regulations could enable their participation, affordable housing or social housing could become more appealing.

Ben Tre accelerates the development of night

economy www.vietnamplus.vn

According to the night economic development project for the period 2021-2030, Ben Tre province strives by 2025, to form at least 2 areas of entertainment and entertainment complexes and 3 tour activities at night.

HCMC revoked the Bitexco Malang project after 16 years of non-implementatio

www.thesaigontimes.vn

The Ho Chi Minh City government refused to continue implementing the 6.8-hectare complex and commercial center project limited by 4 streets Nguyen Trai - Cong Quynh - Tran Dinh Xu - Nguyen Cu Trinh (Ma Lang area) after 16 years of non-implementation.

Proposal to allow businesses to mortgage LUR for foreign loans

www.vnexpress.net

The 2013 Land Law does not currently allow domestic enterprises to mortgage land use rights for international loans. In this draft amendment, this is also not mentioned. Many opinions suggest that the Land Law has a mechanism for Vietnamese enterprises to mortgage land use rights and land-attached assets to raise capital from abroad.